During one of our board-level presentations in August 2024, a financial institution’s Director asked, “You are the experts. How do the attackers identify their targets and exploit them?” The truth is that cybercriminals are highly organized. They take time to …
Data breaches are increasingly damaging businesses globally, with significant consequences for financial institutions and telecom companies. A notable example is the October 2020 cyberattack, where hackers exploited 2,000 mobile SIM cards to breach the mobile payment system. This attack targeted …
In today’s complex environment, employees have access to corporate networks and are authenticated to corporate systems, as well as servers, and devices. It is dire if a malicious attacker gets the same access either through brute force or by taking …
While technology has driven the digital agenda and led to greater innovation, growth, and efficiency; it also opens the road to potential security breaches and other types of cyber-attacks. As your company hires more and more employees, the number of …
What is a black swan? Some events have never happened before. No model can anticipate them. These are modern-day black swans. They pose high risks. Today, risk is not a possibility; it is a certainty. From economic shocks and cybersecurity …
As East Africa rapidly embraces digital transformation, the region is increasingly becoming a target for sophisticated cybercriminal networks. In particular, Uganda, Kenya, Tanzania, and Rwanda face growing cyber threats as businesses, government agencies, and service providers expand their digital footprints. …
Unlike other types of crime, the majority of cybercrime incidents in Uganda and the East African Community go unreported, primarily due to the affected entities’ efforts to protect their reputations. Often, victims are financial institutions entrusted with safeguarding customer deposits. …
Kampala, June 2025. A senior finance officer at a regional bank receives a Zoom call from her Group CFO. The CFO is in Nairobi, but his face is on screen. His voice is unmistakable. He urgently instructs a confidential payment …
The popular saying goes: “Culture eats strategy for breakfast.” And when it comes to risk, culture doesn’t just eat your strategy, it leaks your passwords, signs off bogus deals, and buries red flags under a carpet of silence. So how …
There’s no patch for human error. You can spend billions on the latest firewall, deploy AI-powered threat detection, and encrypt every byte of data in your system, but if your staff clicks on the wrong link, it all crumbles like …
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